2017 Code of Alabama
Title 16 - EDUCATION.
Chapter 33C - WALLACE-FOLSOM PREPAID COLLEGE TUITION TRUST FUND.
Section 16-33C-16 - Appropriations from the Education Trust Fund to the PACT Trust Fund.
(a) There is annually appropriated from the Education Trust Fund to the PACT Trust Fund the following amounts in the following fiscal years:
(1) For the fiscal year ending 2016 -- $33,952,000;
(2) For the fiscal year ending 2017 -- $63,622,000;
(3) For the fiscal year ending 2018 -- $62,783,000;
(4) For the fiscal year ending 2019 -- $61,539,000;
(5) For the fiscal year ending 2020 -- $60,738,300;
(6) For the fiscal year ending 2021 -- $31,881,600;
(7) For the fiscal year ending 2022 -- $32,181,600;
(8) For the fiscal year ending 2023 -- $33,494,400;
(9) For the fiscal year ending 2024 -- $33,728,700;
(10) For the fiscal year ending 2025 -- $38,449,500;
(11) For the fiscal year ending 2026 -- $39,201,000;
(12) For the fiscal year ending 2027 -- $32,500,000.
(b) Beginning with the fiscal year ending September 30, 2017, for budgetary purposes and annual budget calculations, fifty-five percent (55%) of the appropriations made in this section shall be considered to be a portion of the funding received by colleges and universities, and the remainder shall be considered to be the same as appropriations made for debt service.
(Act 2010-725, p. 1800, §3; Act 2012-198, p. 328, §1; Act 2015-538, 2nd Sp. Sess., §3.)
